Vietnam’s 2017 export estimates coming true
The export figure helped bring total trade in 2017 to $410 billion; a four-fold increase over the last decade. Export figures have increased the country from 50th position globally in 2007 to 26th in 2016, Deputy PM Hue emphasized, with its rankings in the WTO’s trade profile improving significantly.
Despite the agriculture sector having to continually grapple with various difficulties and challenges, particularly complex trade barriers and cutthroat global competition, Vietnam’s agriculture exports grew strongly in 2017. Turnover stood at $33.1 billion as at late November, an increase of 13.8 per cent year-on-year. Fruit and vegetable exports saw the highest growth in the sector, of $3.16 billion, up 43.2 per cent year-on-year.
According to an english.vietnamnet.vn article, China, Japan, the US, and South Korea are the four leading importers of Vietnamese fruit and vegetables. Fresh dragon fruit was officially allowed to enter Japan in early 2017 and Australia in August, while the US approved Vietnamese star apples being imported into the country. The US, is very welcoming to high-quality products from Vietnam, as Vietnam has diverse crop cycles, which provides stable supplies throughout the year.
